Coinbase Sees Inflows Surge: What’s Next for Bitcoin and Base?

DAILY MARKET OVERVIEW
Market Expectations

Alright Crypto Enthusiasts, gather around!

We're feeling super bullish on Bitcoin right now. The market structure looks rock solid, so we can't let those pesky bears shake us.

We're expecting BTC to either blast through $69,000 and keep climbing higher, or potentially revisit $67,000 for a little pit stop before taking off again. But we won't even think about mindlessly shorting at these levels - that's just asking for trouble.

Now for the altcoin scene, we’re expecting some volatility once BTC hits $70,000.

With leverage and funding rates getting quite high, we may see a big market drop or "flush" that liquidates all the traders who have taken on too much leverage or borrowed funds.

For now, it's likely smarter for us to stick to simply buying and holding (spot buys), rather than using any leverage or borrowed funds.

TWITTER SENTIMENT
Coinbase, Base & Brett

Without a doubt, Coinbase's Base chain has ignited a firestorm of excitement in recent weeks, setting the crypto world ablaze with speculation and anticipation.

The burning question on everyone's mind: How long can this blazing trail of hype last, and is the end already in sight?

Data from CryptoQuant reveals a staggering $1.4 billion has flooded into Coinbase, a tidal wave of capital that speaks volumes about the platform's growing appeal to institutional investors.

While these funds may not necessarily flow directly into Base chain, it establishes a powerful precedent that Coinbase is rapidly becoming a magnet for deep-pocketed players in the game.

However, we firmly believe that the Base chain's potential has not been reached, and its journey is far from over.

Coinbase's smart wallet, currently in active development, promises to be a game-changer, enabling users to seamlessly bridge tokens directly to the Base chain. 

This could fling open the doors for a new wave of users, empowering even those without extensive technical knowledge to dive into the Base chain ecosystem and trade with ease.

Some well-known figures in the trading arena, like Max from BecauseBTC, have already taken the step, bridging to Base and scooping up a stash of BRETT, currently the top meme coin monarch on Base.

As more and more crypto enthusiasts flock to the Base ecosystem, we can expect the meme coin mania to intensify.

According to data analytics from Debridge, funds from Ethereum and Solana are primarily moving into Arbitrum and Base compared to other Layer 2 networks.

Based on the data, Base has significant room for growth as the goal is to reach Solana-level inflows.

NEWS OVERVIEW
Recent Crypto News

• Vitalik Buterin Critiques Meme Coins: Lack Of Value Beyond Speculation

• Dogwifhat Rises To Become The Third Largest Meme Coin Amidst Bitcoin Stability

• Ethereum’s Blobscriptions Stress Test: Navigating The New Data System

• Solana Foundation’s Approach To Offensive Meme Coin Issue

YOUTUBE INFLUENCER SUMMARY
Lark Davis - How High Can Solana Go? (29.03.2024 Summary)

Once left for dead, Solana has risen like a Phoenix from the crypto ashes! This little blockchain that could has gone from a 97% drawdown to smashing past its previous all-time highs.

What's driving this Solana surge? 🚀

• Lightning fast and cheap transactions

• Insanely easy to create new meme coins (over 2,000 launched in a day!)

• Apps that are actually usable and have a pretty slick design

Solana recently dethroned Ethereum as the #1 smart contract blockchain by trading volume. Talk about an underdog story!

But here's the kicker - the price charts for Solana this cycle are eerily similar to Ethereum's last run. And we all know how that turned out... 💰

If Solana follows a similar trajectory, some analysts are calling for potential prices as high as $1,500 per SOL! Even traditional investment firm VanEck has a $3,212 bull case target for 2030.

Of course, there are some speed bumps like attracting more developers beyond the meme coin crowd. But one thing's for sure - this Phoenix blockchain is spreading its wings and setting the crypto world ablaze!

Ivan On Tech - BITCOIN AND ALTCOINS WILL SUPRISE BEARS!!!! (new data) (29.03.2024 Summary)

Buckle up, everyone! Ivan's got some juicy updates that'll make your portfolio go wild.

• First up, Bitcoin and altcoins are about to give the bears a run for their money! Despite the FUD around the Bitcoin ETF, inflows have been pouring in like a tsunami. Even the big boss Larry Fink from BlackRock admitted it's the fastest-growing ETF in history. Talk about a flex!
  

• But that's not all! Ethereum is also gearing up for some serious gains. Vitalik's got a master plan to scale up Layer 2 solutions, making ETH a low-risk asset for institutions. Plus, with the deflationary supply and juicy yields, it's like catnip for the big players.
  

• Speaking of altcoins, get ready for some serious FOMO. Projects like Origin Trail are revolutionizing the world of AI with their decentralized knowledge graph.
  

• And let's not forget the metaverse madness! Wilder World is making waves with its Epic Games Store listing, and the game looks insane. Who needs the real world when you've got photorealistic virtual realms?

So, what are you waiting for? Strap on your rocket boots and get ready for liftoff! The crypto train is leaving the station, and you don't want to miss this wild ride.

CRYPTO MEMES
“The Sad Truth For Leverage Traders 😂”

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